iShares Ethereum Trust ETF Files S-1/A Amendment

TL;DR

iShares ETH ETF filing updated. Get ready for more crypto exposure.

AI Summary

iShares Ethereum Trust ETF, sponsored by iShares Delaware Trust Sponsor LLC, filed an S-1/A amendment on July 8, 2024. This filing, part of registration statement No. 333-275583, pertains to the proposed offering of shares in the trust, which will hold Ethereum. The company is incorporated in Delaware and has its principal executive offices at 400 Howard Street, San Francisco, CA.

Why It Matters

This filing is a step towards the potential launch of a new investment vehicle for Ethereum, which could impact the cryptocurrency market and investor access to digital assets.

Risk Assessment

Risk Level: medium — The filing relates to a cryptocurrency-based ETF, which carries inherent volatility and regulatory risks associated with digital assets.

Key Numbers

• 333-275583 — SEC File Number (Registration statement number for the iShares Ethereum Trust ETF.)

Key Players & Entities

• iShares Ethereum Trust ETF (company) — Registrant
• iShares Delaware Trust Sponsor LLC (company) — Sponsor
• July 8, 2024 (date) — Filing Date
• 333-275583 (registration_number) — SEC Registration Statement Number
• 400 Howard Street, San Francisco, CA (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $3,280.89 — CF Benchmarks Ltd., on July 3, 2024 was $3,280.89. Except when aggregated in Baskets, S
• $25.00 — 00 Shares at a per-Share price equal to $25.00. Total proceeds to the Trust from the s
• $10,000,000 — sale of the Seed Creation Baskets were $10,000,000. On June 24, 2024, the Trust purchased
• $500,000 — es, license fees and expenses and up to $500,000 per annum in ordinary legal fees and ex

Filing Documents

• iset20240702_s1a.htm (S-1/A) — 1459KB
• ex_695358.htm (EX-4.1) — 372KB
• ex_695073.htm (EX-23.1) — 3KB
• ex_695253.htm (EX-FILING FEES) — 34KB
• 0001437749-24-022317.txt ( ) — 1869KB

USE OF PROCEEDS

USE OF PROCEEDS 76 OVERVIEW OF THE ETHEREUM INDUSTRY 77 BUSINESS OF THE TRUST 88 DESCRIPTION OF THE SHARES AND THE TRUST AGREEMENT 100 THE SECURITIES DEPOSITORY; BOOK-ENTRY-ONLY SYSTEM; GLOBAL SECURITY 112 THE SPONSOR 113 THE TRUSTEE 115 THE TRUST ADMINISTRATOR 116 THE DELAWARE TRUSTEE 116 THE CUSTODIANS 118 THE PRIME EXECUTION AGENT AND THE TRADE CREDIT LENDER 121 U.S. FEDERAL INCOME TAX CONSEQUENCES 128 ERISA AND RELATED CONSIDERATIONS 134 SEED CAPITAL INVESTOR 135 PLAN OF DISTRIBUTION 136 CONFLICTS OF INTEREST 137 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 138 LEGAL MATTERS 138 EXPERTS 139 WHERE YOU CAN FIND MORE INFORMATION 139 GLOSSARY 140 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 147 This prospectus contains information you should consider when making an investment decision about the Shares. You may rely on the information contained in this prospectus. Neither the Trust nor the Sponsor has authorized any person to provide you with different information and, if anyone provides you with different or inconsistent information, you should not rely on it. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. This prospectus is not an offer to sell the Shares in any jurisdiction where the offer or sale of the Shares is not permitted. Until [ ], 2024 (25 days after the date of this prospectus), all dealers effecting transactions in the Shares, whether or not participating in this distribution, may be required to deliver a prospectus. This requirement is in addition to the obligations of dealers to deliver a prospectus when acting as underwriters and with respect to unsold allotments or subscriptions. The Sponsor first intends to use this prospectus on [ ], 2024. Authorized Participants may be required to deliver a prospectus when making transactions in the Shares. See "Plan of D

View Full Filing

View this S-1/A filing on SEC EDGAR